Blake and Ali Poore Team

Goochland, VA

Single-Family Homes

Compass



Goochland, VA

Tue Aug 09 2022
This week the median list price for Goochland, VA is $649,950 with the market action index hovering around 41. This is less than last month's market action index of 51. Inventory has decreased to 15. Click here to stay informed with the Goochland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Goochland, VA

Tue Aug 09 2022
This week the median list price for Goochland, VA is $649,950 with the market action index hovering around 41. This is less than last month's market action index of 51. Inventory has decreased to 15. Click here to stay informed with the Goochland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Goochland market.
Median List Price $649,950
Median Price of New Listings $654,450
Per Square Foot $220
Average Days on Market 68
Median Days on Market 77
Price Decreased 47%
Price Increased 27%
Relisted 33%
Inventory 15
Median Rent
Market Action 41
Slight Seller's Advantage

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$696,416 2,925 0.5 - 1 acre 4 3.5 0 0 0 77
$667,630 3,075 0.5 - 1 acre 4 3.5 0 1 0 35
$584,450 2,438 0.5 - 1 acre 3 3 0 1 0 59
$344,500 1,807 2.5 - 5 acres 3 2 28 0 0 98